Mandar Ranade - Jun 23, 2021 Form 4 Insider Report for KEWAUNEE SCIENTIFIC CORP /DE/ (KEQU)

Role
VP-Information Technology
Signature
/s/ Donald T. Gardner, III, Attorney-in-fact
Stock symbol
KEQU
Transactions as of
Jun 23, 2021
Transactions value $
$0
Form type
4
Date filed
6/24/2021, 03:07 PM
Previous filing
Jun 22, 2021
Next filing
Jul 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KEQU Common Stock Options Exercise $0 +894 +151.27% $0.00 1.49K Jun 23, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KEQU Restricted Stock Units FY21 Options Exercise $0 -894 -13.34% $0.00 5.81K Jun 23, 2021 Common Stock 894 Direct F1, F2
transaction KEQU Restricted Stock Units FY22 Award $0 +4.91K $0.00 4.91K Jun 23, 2021 Common Stock 4.91K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert to common stock on a one-for-one basis.
F2 On June 23, 2020, the reporting person was granted restricted stock units that vest as follows: (a) 40% of the number of restricted stock units subject to the award consist of service-based restricted stock units that vest in three equal annual installments beginning on June 23, 2021, subject to the reporting person's continued employment with the Company, and (b) 60% of the number of restricted stock units subject to the award consist of performance-based restricted stock units that will vest only if performance goals are achieved over a three-year period. The actual number of units (if any) received under this award will depend on continued employment and actual performance over the three-year performance period.
F3 On June 23, 2021, the reporting person was granted restricted stock units that vest as follows: (a) 100% of the number of restricted stock units subject to the award consist of service-based restricted stock units that vest in three equal annual installments beginning on June 30, 2022, subject to the reporting person's continued employment with the Company.